Investors are concerned that a potential bankruptcy of FTX, once the world’s third largest digital asset exchange by trading volume, will spill over to the already battered crypto and stock Read more
Tag: Money/Currency Markets
Binance confirms it’s backing out of deal to buy FTX assets
Binance, the world’s largest crypto exchange, has confirmed that it is indeed backing out of its deal to buy rival FTX’s non-U.S. assets, according to a tweet sent from the Read more
‘Is there anything about crypto that is as it seems?’ FTX failure threatens industry’s reputation in D.C.
The failure of crypto exchange FTX and a midterm U.S. election that saw the more regulation-friendly Democratic Party overperform expectations could spell trouble for a digital-asset industry that was hoping Read more
Crypto investors rattled as Binance abandons its proposed acquisition of rival FTX
Binance, the world’s largest crypto exchange, is abandoning its proposed acquisition of the non-U.S. assets of rival FTX, amid the latter’s liquidity crunch. “As a result of corporate due diligence, Read more
FTX problems mean big headaches for its private equity investors
Privately-held FTX’s pending sale to its rival Binance could suck out billions in net worth not only from FTX founder Sam Bankman-Fried’s fortune, but also a deep bench of blue Read more
Crypto investors rattled as Binance reportedly leans against completing its acquisition of rival FTX
Binance, the world’s largest crypto exchange, is reportedly unlikely to follow through with its proposed acquisition of the non-U.S. assets of rival FTX, amid the latter’s liquidity crunch. After about Read more
FTX’s Sam Bankman-Fried net worth: Crypto mogul’s wealth to drop by $13 billion
Sam Bankman-Fried, crypto billionaire and chief executive at digital asset exchange FTX, could see his net worth shrink by more than $13.6 billion if Binance’s proposed acquisition of FTX is Read more
Crypto companies shares closed sharply lower, as bitcoin fell briefly to a 2-year low
Crypto company shares and funds closed sharply lower on Tuesday as bitcoin dropped briefly to a two-year low, even though the three major U.S. equity indexes ended higher. Bitcoin BTCUSD, Read more
Coinbase stock plunges on news of Binance-FTX merger, which sets up ‘seismic’ change in competition
Shares of Coinbase Global Inc. tumbled in active trading Tuesday as the cryptocurrency platform faced concerns over increased competition from the Binance-FTX merger deal. The stock COIN, -12.05%, which was Read more
“People have legitimate reason to worry”: Crypto industry insiders react to Binance’s intent to acquire FTX
Industry insiders were quick to react Tuesday after news broke of a planned deal between two of the world’s largest crypto exchanges – Binance and FTX. Binance co-founder Changpeng Zhao Read more